IRIDEX (IRIX) Stock Forecast, Price & News

0 equities research analysts have issued 12-month target prices for IRIDEX's shares. Their IRIX share price forecasts range from $2.00 to $2.00. On average, they expect the company's share price to reach $2.00 in the next twelve months. This suggests that the stock has a possible downside of 21.3%.
View analysts price targets for IRIX or view top-rated stocks among Wall Street analysts.

IRIDEX's stock was trading at $2.01 at the start of the year. Since then, IRIX shares have increased by 26.4% and is now trading at $2.54.
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IRIDEX saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 93,600 shares, an increase of 52.9% from the August 31st total of 61,200 shares. Based on an average daily trading volume, of 41,600 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.8% of the company's stock are short sold.
View IRIDEX's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our IRIX earnings forecast.

IRIDEX Co. (NASDAQ:IRIX) released its earnings results on Thursday, August, 10th. The medical equipment provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by $0.06. The medical equipment provider had revenue of $12.86 million for the quarter, compared to analysts' expectations of $14.23 million. IRIDEX had a negative net margin of 13.78% and a negative trailing twelve-month return on equity of 48.09%.

IRIDEX issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $55.00 million-$57.00 million, compared to the consensus revenue estimate of $58.05 million.

7 employees have rated IRIDEX Chief Executive Officer Theodore A. Boutacoff on Glassdoor.com. Theodore A. Boutacoff has an approval rating of 64% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other IRIDEX investors own include NVIDIA (NVDA), Trevena (TRVN), CTI BioPharma (CTIC), Agile Therapeutics (AGRX), Genocea Biosciences (GNCA), Idera Pharmaceuticals (IDRA), Lipocine (LPCN), Rigel Pharmaceuticals (RIGL) and SCYNEXIS (SCYX).

IRIDEX trades on the NASDAQ under the ticker symbol "IRIX."

Shares of IRIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IRIX stock can currently be purchased for approximately $2.54.

IRIDEX (NASDAQ:IRIX) has a market capitalization of $41.22 million and generates $56.97 million in revenue each year. The medical equipment provider earns $-7,550,000.00 in net income (profit) each year or ($0.48) on an earnings per share basis.

The company employs 130 workers across the globe.

IRIDEX's mailing address is 1212 Terra Bella Avenue, Mountain View CA, 94043. The official website for the company is www.iridex.com. The medical equipment provider can be reached via phone at (650) 940-4700, via email at investors@iridex.com, or via fax at 650-940-4710.